President Obama Nominates Federal Reserve Chair

more+
less-
more+
less-

On October 9, President Obama nominated Janet Yellen, currently the Vice Chair of the Board of Governors of the Federal Reserve, to serve as Chairman of the Board. President Obama framed the nomination as “one of the most important appointments that any President can make.” He described Governor Yellen as committed to maintaining stable prices, promoting maximum employment, reforming consumer protection, and addressing the issue of “too big to fail.”  Ms. Yellen’s nomination is subject to Senate approval.

Topics:  Federal Reserve, Political Appointments

Published In: Elections & Politics Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »